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076_
Kia Motors Annual Report 2007
(7) Equity Securities Accounted for Using Equity Method
(a) Investments in companies accounted for using the equity method as of December 31, 2007 are as follows:
December 31, 2007 and 2006
Notes to Non-Consolidated Financial Statements
17.79%
13.91%
21.39%
8.91%
100.00%
82.53%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
50.00%
40.00%
37.58%
39.33%
11.61%
45.37%
8.00%
19.99%
24.11%
30.30%
31.00%
20.00%
30.00%
35.10%
18.00%
29.00%
15.00%
15.00%
4.35%
100.00%
24.39%
8.00%
118,993
37,479
245,154
2,581
66,798
58,507
169,581
254,890
21,676
20,300
546,430
33,197
161,372
8,520
135,000
30,184
147,961
89,438
19,565
10,067
22,790
27,185
12,400
1,000
9,211
10,530
8,426
8,952
2,250
15,000
4,168
1,792
250
5
2,301,652
742,423
139,192
873,814
42,722
18,593
(89,741)
(88,843)
(401,139)
(20,659)
(437)
559,890
19,198
166,801
(3,443)
158,291
194,032
128,290
119,223
47,325
59,262
28,951
9,227
12,056
11,529
14,707
9,303
8,877
4,797
(3,681)
10,533
5,043
1,792
250
5
2,778,183
742,107
111,450
577,540
42,711
-
-
-
-
-
-
558,191
19,198
166,801
-
157,958
179,462
128,290
122,123
41,646
57,111
28,630
9,227
12,056
11,529
12,517
9,303
8,877
4,797
-
10,533
5,043
1,792
250
5
3,019,147
Net
assets
Cost
Percentage
of ownership
Company Balance at
December 31, 2007
Listed
Hyundai Mobis Co., Ltd.(*1)
Hyundai Hysco Co., Ltd.(*1)
Hyundai Steel Company
Hyundai Autonet Co., Ltd.(*1)
Unlisted
Kia Motors America, Inc.
Kia Canada, Inc.
Kia Motors Deutschland GmbH
Kia Motors Europe GmbH
Kia Motors Australia Pty Ltd.
Kia Tigers Co., Ltd.
Kia Motors Slovakia S.r.o.
Kia Japan Co., Ltd.
Dongfeng Yueda Kia Motors Co., Ltd.
Haevichi Resort Co., Ltd.
Hyundai Powertech Co., Ltd.
WIA Corporation
Hyundai Card Co., Ltd.(*1)
Dymos Inc.
EUKOR Car Carriers, Inc.(*1)
AMCO Corp.(*1)
Beijing Hyundai Mobis Automotive Parts Co., Ltd.
China Millennium Corp.
Partecs Company Ltd.
Autoever Systems Co., Ltd.
Hyundai-Motor Group Ltd.
Donghee Auto Co., Ltd.
WIA Automotive Engine (Shandong) Company(*1)
TRW Steering Co., Ltd.
Chasan Co., Ltd.(*1)
Hyundai Commercial Co., Ltd.(*1)
The Korea Economic Daily Co., Ltd.(*1)
Yanji Kia Motors A/S and Repair
NGVTEK.com
EUKOR Car Carriers Singapore Pte
In millions of Won, except owned shares and percentage of ownership
(*1) The Company accounts for its investment in Hyundai Mobis Co., Ltd. and AMCO Corp. under the equity method of accounting due to its significant management control even though the Company’s ownership is
under 20%. In addition, the Company and its holding company, Hyundai Motor Company, together own more than 20% of Hyundai Card Co., Ltd, Hyundai Hysco Co., Ltd., EUKOR Car Carriers, Inc., Hyundai Autonet Co.,
Ltd., Chasan Co., Ltd. WIA Automotive Engine (Shandong) Company, Hyundai Commercial Co., Ltd., and The Korea Economic Daily Co., Ltd., which the Company generally presumes that the investee is under significant
influence, and thus accounts for these investees under the equity method of accounting.